Seattle, WA

Boeing says it may raise $25 billion as Seattle strike bites – DW – 10/16/2024

Published

1 year ago

October 15, 2024

Boeing says it may raise billion as Seattle strike bites – DW – 10/16/2024

Boeing indicated on Tuesday that it could raise up to $25 billion (€23 billion) including by issuing and selling new shares to aid its ailing balance sheet after years of heavy losses, while factory workers of the US planemaker continue to strike, demanding a better salary.

Boeing said in back-to-back regulatory filings that it could raise the funds over the next three years and enter into a fresh agreement with lenders.

Years in the making

The planemaker hasn’t made an annual profit since 2018, losing more than $25 billion in total over the years that have followed.

Boeing’s reputation has been severely hit over that period which has seen two 737 Max jets crashing, killing 346 people.

Boeing 737 Max incident could have been ‘much more tragic’

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Finances for the planemaker are currently under even more strain as a strike by workers who build most of its airline jets goes into its second month. The industrial action has deepened Boeing’s cashflow issues, slowing production and delivery.

Factory workers held a large rally in Seattle on Tuesday to demand better wages, adding pressure on new CEO Kelly Ortberg to end the dispute.

Hundreds of workers were in the main hall at union headquarters chanting “Pension! Pension! Pension!” and “One day longer, one day stronger!”

Boeing is cutting around 10% of its workforce — or 17,000 people — “over the coming months,” and postponing the launch of its first 777X jetliner. But factory workers in Seattle remained undeterred on Tuesday, as they continued to fight for higher wages and improved pensions.

A sign saying "Pension" is held above the crowd during a rally by Boeing machinists, labor allies and elected officials in Seattle at their union hall — Improved pensions was on the agenda of Boeing machinists, labor allies and elected officials in Seattle at their union hallImage: Manuel Valdes/AP/picture alliance

Around 33,000 West Coast workers, most in Washington state, have been on strike since September 13, calling for a 40% salary increase spread over four years.

The strike has halted production of Boeing’s best-selling 737 MAX and its 767 and 777 twin-aisle aircraft. The company is typically paid on delivery with its orders from airlines, hence the additional short-term cashflow strain.

Boeing made an offer to raise hourly wages for striking workers by 30% but union negotiators rejected it, saying it “did not go far enough” to address concerns, and that the planemaker “has missed the mark with this proposal.”

Now entering its second month, the strike has no end in sight and has only added to the company’s litany of problems.

As a result of the action, Boeing has said it is pushing back first delivery of the 777X to 2026 from 2025. The plane was originally supposed to enter service in January 2020.

Union leaders at a rally in Seattle to demand better working conditions — Union leaders attended a rally in Seattle as the strike entered its second monthImage: Manuel Valdes/AP/picture alliance

Share price boosted

But the company’s stated contingency plans did improve investor sentiment slightly on Tuesday, as shares of The Boeing Co roseby 2% in afternoon trading.

Boeing’s securities filings indicated that it has the ability to raise funds by offering stocks or debt over the next three years if needed, but also did not commit it to doing anything.

The planemaker said that it entered into a $10 billion supplemental credit agreement with several leading banks to provide short-term liquidity.

American credit assessment agency Fitch Ratings said the announcements increase Boeing’s financial flexibility and ease short-term liquidity fears. Management’s ability to tap capital sources other than debt “will help alleviate downgrade risks” by improving the likelihood of paying off debt that matures in 2025 and 2026, Fitch said.

The news comes as a welcome boost after credit rating agency Standard & Poor’s said last week it was considering cutting Boeing’s credit rating.

Boeing’s troubled Starliner spacecraft returns without crew

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Seattle, WA

Seattle Seahawks’ home, road opponents set for 2026 season

Published

7 hours ago

January 4, 2026

Press Room

Seattle Seahawks’ home, road opponents set for 2026 season

Patrick Mahomes and 2025 MVP candidate Drake Maye are set to make trips to Lumen Field to face the Seattle Seahawks next season.

The Seahawks’ nine home and eight road opponents are now set for the 2026 campaign. They will face what on paper will be a tough slate after securing the NFC West title this year, which means they will take on the reigning division champions from the NFC North, NFC South and AFC East in addition to their home-and-home series with their NFC rivals and matchups against each team from the NFC East and AFC West.

The numbers behind Seattle Seahawks’ defensive masterpiece vs 49ers

The full schedule with dates for games has yet to be released. The NFL typically unveils the following season’s schedule in May.

Mahomes’ Kansas City Chiefs and Maye’s New England Patriots coming to town are among the highlights of the Seahawks’ 2026 slate. They could also be in line for a reunion with former coach Pete Carroll, as a trip to Las Vegas to face the Raiders is on the docket. However, the Raiders are not expected to keep Carroll for a second season.

Seahawks head coach Mike Macdonald is in line to square off with one of his former mentors when Seattle hosts Jim Harbaugh’s Los Angeles Chargers. Harbaugh was the head coach at the University of Michigan when Macdonald was the defensive coordinator in 2021. Harbaugh is also the dad of Seahawks special teams coordinator Jay Harbaugh.

Seattle has three trips to the east coast next season where they will face the reigning NFC East champion Philadelphia Eagles, reigning NFC South champion Carolina Panthers and Washington Commanders. The Seahawks also faced the Panthers and Commanders on the road this season.

Here’s a full look at Seattle’s 2026 home and away opponents.

Home

• Arizona Cardinals
• Los Angeles Rams
• San Francisco 49ers
• Chicago Bears
• New England Patriots
• Los Angeles Chargers
• Kansas City Chiefs
• Dallas Cowboys
• New York Giants

Away

• Arizona Cardinals
• Los Angles Rams
• San Francisco 49ers
• Carolina Panthers
• Las Vegas Raiders
• Denver Broncos
• Philadelphia Eagles
• Washington Commanders

Find more info on how each team’s opponents are chosen here.

More on the Seattle Seahawks

• Seattle Seahawks GM shares positive updates on Bryant, Cross for playoffs
• Drake Thomas an unlikely hero in Seattle Seahawks’ landmark win
• Seahawks’ season-long commitment to run game pays off in massive win
• Stacy Rost: Seattle Seahawks show their fatal flaw may not matter
• The 5 biggest plays that delivered Seahawks’ win over 49ers

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Seattle, WA

Seattle’s Defense Wanted To Show It Was The ‘Best Defense In The NFL With Dominant Win

Published

19 hours ago

January 4, 2026

Press Room

Seattle’s Defense Wanted To Show It Was The ‘Best Defense In The NFL With Dominant Win

Santa Clara—When Seattle’s defense stepped on the field for the Week 18 matchup against the 49ers, they had a few goals in mind, winning was of course one of those, but they wanted to show everyone watching they are the best defense in the league.

“We made up our mind that we were going to be the best defense in the NFL,” linebacker Uchenna Nwosu said. “We were going to show the world tonight and that’s what we did.”

As has been the case for the entire season, the Seahawks’ defense was once again a highlight in their 13-3 win. The Seahawks won, in part thanks to a dominant performance by the defense that held the San Francisco 49ers to just three points. The last time Kyle Shanahan’s offense was held to just three points was in his 49ers head coaching debut in 2017. Since then, San Francisco has scored at least 6 points in every game, until Saturday.

Coming into Saturday’s game, the 49ers were riding a three-game streak of great performances by its offense. Throughout all three of those games, San Francisco was averaging 42.3 points per game, 455.3 yards per game and 29.3 first downs per game.

Seattle’s defense held San Francisco to just 53 rushing yards, which included 21 yards from quarterback Brock Purdy, 127 yards through the air, a lone field goal, and just nine first downs. They also picked off Purdy once, sacked him three times and forced the 49ers to punt four times.

“They’re a tremendous offense,” head coach Mike Macdonald said following the game. “Probably top whatever in the league and have been doing it for a long time. They have great players, they have great coaches, and the numbers back it up. Our guys played great complimentary football today. They really did. I can’t say enough, but I can’t wait to watch the tape. There’s a lot of assists going on in there, guys rushing unselfishly to free somebody else up or to let somebody else have a two-way go so they can cover for them. How we played in the back end, it felt like we were ahead of plays. These guys did a great job. I’m looking forward to watching it.”

Christian McCaffery, one of San Francisco’s top offensive playmakers in both the run and passing game was held to his lowest rushing yards all season with 23 yards through the night and his fourth lowest receiving yards with 34.

Nick Emmanwori who had a team high seven tackles, as well as a tackle for loss and quarterback hit said, “Our front seven is the best in the world. Our D-Line is the best in the world. Got dudes like Jarran Reed, Leonard Williams, Byron Murphy. Our edges are dogs. They handle business every week. We’ve got the best run defense I the league. It makes it easy for us on the back end.”

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Seattle, WA

What does the Buccaneers beating the Panthers mean for the Seahawks?

Published

1 day ago

January 3, 2026

Press Room

What does the Buccaneers beating the Panthers mean for the Seahawks?

We’ll have to wait one more day to learn who takes the NFC South crown.

The Buccaneers, losers of seven of their last eight coming into today, were able to piece together a tough, 16-14 win in bad weather against the Panthers. It was a calming three hours for the Bucs and their fans, who had seen their team go from theorized Super Bowl contender in the early months of the season to bottomless freefall.

Had the Panthers found a way to win today, the NFC South, and the #4 seed in the NFC, would have been determined. Instead, we’ll have to wait another day, as a matchup between the two NFC South rivals who are eliminated from the postseason entirely will now determine everything. Certainly ironic, but great for drama.

The New Orleans Saints travel to the Atlanta Falcons tomorrow to wrap up their respective seasons, and while they’re not playing for much more than pride, both the Buccaneers and Panthers will be watching with great interest. If the Falcons win, today will prove to be little more than a minor setback for Carolina, and they’ll win the division regardless.

However, should the Saints get the road upset, everything gets flipped. The Tampa Bay Buccaneers, who were seemingly skidding towards a shocking early offseason, would be awarded the division on tiebreakers. Their Week Eight 23-3 victory over New Orleans, at the time seemingly innocuous, would end up salvaging their playoff spot.

Both Atlanta and New Orleans are on hot runs right now, the Falcons winners of three straight and the Saints on a four game streak. It’s a surprisingly compelling game given that both teams are guaranteed losing records on the season.

And this is very relevant to the Seattle Seahawks, because depending on tonight’s result in San Francisco, the NFC South division winner will either possibly, or definitely, be the team they play in their first playoff game.

If Seattle prevails tonight and takes the top seed in the NFC, it is entirely possible that their Divisional Round opponent is whoever comes out on top here. As the top seed, they play the lowest remaining seed, which would be either Carolina or Tampa Bay if all three home teams win on Wild Card Weekend. I wouldn’t bet on it, but it’s entirely possible.

On the other hand, if the Seahawks drop their game tonight and end up the #5 seeded NFC squad, then they’re drawing the winner of the NFC South in the first round for sure. Seattle has already played both teams this year, dropping an early-season bout to Tampa Bay 38-35, and just last week handling Carolina 27-10.

Of course, the Buccaneers were a far better team in that Week Five matchup, and the Seahawks have changed radically over the last three months as well, so it’s a matter of debate which team Seattle matches up better with. I imagine most Seahawks fans would feel good about either opponent, but there’s probably a preference somewhere in there.

Regardless, we’ll be waiting one more day to find out who the opponent will be, by which Seattle will already know if they’re watching the first round of the playoffs on a bye, or facing off against the south’s winner on the road.

Carolina Panthers quarterback Bryce Young (9) passes against the Tampa Bay Buccaneers. | Nathan Ray Seebeck-Imagn Images